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Sold for $920,000 on 03/22/24
  • $920,000

    4025-4029 Main St, Slatedale, PA 18079

    12beds
    6,961sqft
    Multi Family, Apartment
    Built in 1950
    -- sqft lot
    $991,900 Zestimate®
    $132/sqft
    $-- Estimated rent

    What's special

    10.3%+ CAP at asking, $120,900 Gross Income, $98,000 Net Income, and LAND to build another apartment building on SITE. These two apartment buildings are on 1.24 acres with 6 units on two parcels, sold together or separately. 4025 Main St is a 2,473 SF converted house including two 2 units, a 2-car garage, and significant updates. 4029 Main Street is a 4,488 SF apartment building with FOUR 2BR units and a covered parking garage in the rear. All units are 2BR/1BA with separate entries. 12+ parking spaces (6 paved, 4 covered carports, plus 2 car garage). Built in 1950, extensively renovated and converted into residential suites in 2005. Since then, there have been many upgrades to the exterior/interior within the past 5 years. All units have central air and private entry. All units have oversized bedrooms with a porch or balcony as well as large living/family rooms and eat-in kitchens. All kitchens and bathrooms are renovated and show very well to command the rents for the area. All units have washers and dryers. The rear of the property offers a large area of land for potential development or expansion (requires zoning confirmation). Acceptable offers within 5% of the asking price at or above $910,000 will be presented to the seller and will have serious consideration if within reasonable terms. NOTE - The owners love this property but live 1.5 hours away and due to the distance, they are selling to the lucky buyer. Potential to sell separately, inquire further.

    Zillow last checked: 7 hours ago

    Listing updated: March 25, 2024 at 07:57pm

    Listed by:

    Joshua Schoenberger,

    EXP Realty LLC

    Bought with:

    John G. Houston II, RS362189

    Keller Williams Northampton

    Source: GLVR,MLS#: 730730MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Electric, Forced Air, Heat Pump
    Cooling
    • Central Air
    Features
    • Balcony
    Interior area
    • Total interior livable area: 6,961 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Carport, Parking Lot, Unpaved
    • Has carport: Yes
    Features
    • Stories: 2
    • Patio & porch: Patio
    Lot
    • Size: 1.20 Acres
    Details
    • Parcel number: 554281008610 001
    • Zoning: residential
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Apartment
    Materials
    • Frame, Stone Veneer, Vinyl Siding
    Condition
    • Unknown
    • Year built: 1950

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Slatedale
    • Subdivision: Not in Development

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $991,900
    2% more+ $19,838
    With Zillow Showcase(estimated)
    $1,011,738